British Pound Outlook Bullish vs Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at -2.45 as nearly 71% of traders are short. Said ratio is roughly unchanged from yesterday and likewise from last week.
The strongly net-short ratio gives contrarian signal that the GBPJPY may continue its recent advances.
How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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